JUST THINKING: WILL PEPE CONTINUE TO RALLY IN JUNE?
The price of Pepe in June is highly volatile and subject to change, but here are some points to consider .
The price of Pepe reached an all-time high of $0.00001725 on May 27, which is an 88% increase from the previous price.
The price increase is linked to the SEC's approval of Ether ETF filings on May 20.
The daily RSI for Pepe has surpassed 70, which indicates that Pepe is overbought and due for a price correction or consolidation.
There is a high likelihood of a price correction in June, with some analysts predicting a 40% crash.
The correction will depend on the performance of Bitcoin and Ethereum, as Pepe's performance is negatively correlated with the two.
The price may fall to $0.00000965 by June, down 40% from the current price.
On the other hand, if the uptrend continues, Pepe may test the 2.618 Fibonacci retracement level near $0.00002203, which is up 32% from the current price.
Let me know what you think.
